Takeover Offer Announced by Range River Gold Limited. Shareholders should take no action About Firestone Energy FIRESTONE ENERGY LIMITED (Incorporated in Australia) (Registration number ABN 058 436 794) Share code on the JSE Limited: FSE Share code on the ASX: FSE ISIN: AU000000FSE6 (SA company registration number 2008/023973/10) ("FSE" or "the Company") Firestone Energy Limited is an 30 January 2013 independent, Australian exploration and development company listed on the Australian Stock Exchange Ltd (ASX) and Takeover Offer Announced by Range River Gold Limited the Johannesburg Stock Exchange (JSE). Firestone Energy has entered into a Joint Venture with Sekoko Resources (Pty) Ltd SHAREHOLDERS SHOULD TAKE NO ACTION through which Firestone Energy has acquired the right to 60% participation With reference to the Announcement relating to the takeover offer from Range interests in the Waterberg Coal Project River Gold Limited referred to in the SENS announcement on 18 December 2012. located in Lephalale area, Limpopo Province, The Board of Firestone Energy Limited (ASX/JSE: FSE) (the “Company” or South Africa. “Firestone”) advises that on 30 January 2013, the board received a formal Bidders Statement from Range River Gold Limited. The first stage of the project is to develop the Smitspan mine which has a substantial Range River Gold Limited (ASX: RNG) (“Range River”) announced to the ASX an measured thermal coal resource and to develop the Vetleegte mine which is a unsolicited, conditional proposal to acquire all of the ordinary shares in Firestone substantial metallurgical coal deposit. by way of an off market takeover offer (the “Range River Offer”). Interested shareholders are referred to the Range River website or www.asx.com.au where Firestone Energy is committed to becoming a they can obtain the full offer. profitable independent coal and energy producer at its projects in South Africa, In summary, under the Range River Offer Firestone shareholders will be offered thereby making a substantial contribution to one (1) Range River share for every two (2) Firestone shares. the social and economic development of the Lephalale area and South Africa. The Board is unanimous in its view that Firestone shareholders should take no Corporate Details action and not make any decision in relation to their shareholding in the ASX: FSE Company until the Board has reviewed and has had an opportunity to consider JSE: FSE the Range River Offer. Following careful consideration of the Range River Offer, Issued Capital: the Board will determine and advise Firestone shareholders of its 3,114 million ordinary shares recommendation. Major Shareholders: Sekoko Resources (Pty) Ltd The Range River Offer will not open for acceptance until its Bidder’s Statement is Linc Energy Ltd BBY Nominees Pty Ltd despatched to Firestone shareholders and must remain open for at least one Bell Potter Nominees Ltd month. Directors and Officers The Board’s focus will be on maximising value for shareholders and the Range Non Executive Directors: River Offer will be considered in that context. The Board will keep shareholders Mr Tim Tebeila (Chairman) informed of any further developments and will provide updates to the market as David Perkins (Deputy Chairman) Dr Pius Kasolo appropriate. The Company has retained Kelly & Co. Lawyers as its legal adviser Ben Mphahlele and BBY Limited as its corporate adviser in relation to this matter. Kobus Terblanche Officers: Mr David Knox CEO David Knox Ms Amanda Matthee CFO Chief Executive Officer Mr Jerry Monzu Company Secretary www.firestoneenergy.com.au Tel: Australia (+61 08 9287 4600) Contact: South Africa (+27 11 706 3548) Suite B9, 431 Roberts Road Subiaco, Western Australia 6008 Johannesburg Tel: +61 (08) 9287 4600 Web: www.firestoneenergy.com.au 30 January 2013 Sponsor RiverGroup Date: 30/01/2013 02:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.